DALS CONSTRUCT: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DALS CONSTRUCT
Largest movements
- Receivables within one year +€235,395
up €235,395 (+1217.3%), from €19,338 to €254,733
of which Trade receivables: +€223,963
- Cash +€15,577
up €15,577 (+16.6%), from €94,059 to €109,636
mainly Trade debts (+€207,395) and Short-term financial debts (+€65,000)
- Trade debts +€207,395
up €207,395 (+631.8%), from €32,825 to €240,220
- Tax, wage and social debts -€67,201
down €67,201 (-83.6%), from €80,419 to €13,217
- Short-term financial debts +€65,000
new in 2025: €65,000
- Profit (loss) carried forward +€48,793
up €48,793 (+19.1%), from €255,834 to €304,627
- Gross operating margin -€277,206
down €277,206 (-82.1%), from €337,714 to €60,508
- Taxes -€66,697
down €66,697 (-82.9%), from €80,419 to €13,721
- Purchases and services +€52,049
up €52,049 (+9.4%), from €552,701 to €604,749
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €378,637 | €631,817 | +€253,180 | +66.9% |
| Fixed assets | 21/28 | €3,174 | €2,292 | -€882 | -27.8% |
| Tangible fixed assets | 22/27 | €2,149 | €1,267 | -€882 | -41.1% |
| Furniture and vehicles | 24 | €2,149 | €1,267 | -€882 | -41.1% |
| Financial fixed assets | 28 | €1,025 | €1,025 | = | 0.0% |
| Current assets | 29/58 | €375,462 | €629,525 | +€254,062 | +67.7% |
| Amounts receivable after more than one year | 29 | €261,295 | €265,156 | +€3,861 | +1.5% |
| Other amounts receivable | 291 | €261,295 | €265,156 | +€3,861 | +1.5% |
| Amounts receivable within one year | 40/41 | €19,338 | €254,733 | +€235,395 | +1217.3% |
| Trade receivables | 40 | €16,105 | €240,068 | +€223,963 | +1390.6% |
| Other amounts receivable | 41 | €3,232 | €14,664 | +€11,432 | +353.7% |
| Cash at bank and in hand | 54/58 | €94,059 | €109,636 | +€15,577 | +16.6% |
| Deferred charges and accrued income | 490/1 | €771 | - | -€771 | |
| Total equity and liabilities | 10/49 | €378,637 | €631,817 | +€253,180 | +66.9% |
| Equity | 10/15 | €260,834 | €309,627 | +€48,793 | +18.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €255,834 | €304,627 | +€48,793 | +19.1% |
| Amounts payable | 17/49 | €117,802 | €322,190 | +€204,387 | +173.5% |
| Amounts payable within one year | 42/48 | €117,802 | €322,190 | +€204,387 | +173.5% |
| Financial debts | 43 | - | €65,000 | +€65,000 | |
| Credit institutions | 430/8 | - | €65,000 | +€65,000 | |
| Trade debts | 44 | €32,825 | €240,220 | +€207,395 | +631.8% |
| Suppliers | 440/4 | €32,825 | €240,220 | +€207,395 | +631.8% |
| Taxes, remuneration and social security | 45 | €80,419 | €13,217 | -€67,201 | -83.6% |
| Taxes | 450/3 | €80,419 | €13,217 | -€67,201 | -83.6% |
| Other amounts payable | 47/48 | €4,558 | €3,752 | -€806 | -17.7% |
| Non-recurring operating income | 76A | €97 | €311 | +€215 | +222.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €552,701 | €604,749 | +€52,049 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €829 | €882 | +€54 | +6.5% |
| Other operating charges | 640/8 | €782 | €387 | -€395 | -50.5% |
| Non-recurring operating charges | 66A | €25 | - | -€25 | |
| Gross operating margin | 9900 | €337,714 | €60,508 | -€277,206 | -82.1% |
| Operating profit (loss) | 9901 | €336,078 | €59,238 | -€276,840 | -82.4% |
| Financial income | 75/76B | €2,895 | €3,861 | +€965 | +33.3% |
| Recurring financial income | 75 | €2,895 | €3,861 | +€965 | +33.3% |
| Financial charges | 65/66B | €2,721 | €585 | -€2,136 | -78.5% |
| Recurring financial charges | 65 | €2,721 | €585 | -€2,136 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | €336,253 | €62,514 | -€273,739 | -81.4% |
| Income taxes | 67/77 | €80,419 | €13,721 | -€66,697 | -82.9% |
| Profit (loss) for the period | 9904 | €255,834 | €48,793 | -€207,042 | -80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €255,834 | €48,793 | -€207,042 | -80.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.